7351 Lindell Boulevard

St. Louis, MO 63130

$3,600,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Generational mixed-use trophy asset in between WashU and Clayon. Walk to the Ritz, Wash U danforth, Forest Park and tons more. This 22 unit property has been beautifully maintained on its exterior and fully gutted throughout: forced heat/central air, new plumbing piping, windows, roof, electric, kitchens, baths and WASHER DRYER IN UNIT. There are a combination of studios, 1 beds and 2 beds + 4 rented commercial tenants on the ground level. The current NOI is 241,000 and is priced to sell at north...Generational mixed-use trophy asset in between WashU and Clayon. Walk to the Ritz, Wash U danforth, Forest Park and tons more. This 22 unit property has been beautifully maintained on its exterior and fully gutted throughout: forced heat/central air, new plumbing piping, windows, roof, electric, kitchens, baths and WASHER DRYER IN UNIT. There are a combination of studios, 1 beds and 2 beds + 4 rented commercial tenants on the ground level. The current NOI is 241,000 and is priced to sell at north of an 6.5% Cap; the building stays 100% leased with mostly students from Wash U. Current rents are about $250 below market with a proforma NOI north of 400,000; Add some personal touches, update kitchens & baths or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class AAA neighborhood with little risk.
  1. Listed by Anthony Klier • The Agency

Amenities

  • Air Conditioning
  • Dryer
  • Forced Air
  • Parking Lot
  • Street Parking
  • Washer
  • Washer / Dryer in Unit
LISTING UPDATED: 10/02/2024 11:02 AM

Property Details for 7351 Lindell Boulevard

StatusActive
MLS #24062361
Days on Market55
Taxes$24,112 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1931
Lot Size0.29 AC / 12,632 SF
CountySt. Louis County

Building Information for 7351 Lindell Boulevard

Stories-Residences22Year Built1931Building Size-Lot Size0.29 AC / 12,632 SF

Property Information for 7351 Lindell Boulevard

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis
  • Latitude: 38.649016
  • Longitude: -90.326908
  • Postal Code: 63130
  • State Or Province: MO
  • Sub division Name: West Forsyth Place
  • Postal Code Plus 4: 4409
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 18J-12-0863
  • Tax Annual Amount: $24,112.00
  • Tax Year: 2022
Owner
  • Township: University City
  • Owner Name: Clayton Property Holdings Llc
Parking
  • Attached Garage: No
  • Parking Features: On Street, Parking Lot
School Information
  • Elementary School: Flynn Park Elem.
  • High School: University City Sr. High
  • High School District: University City
  • Middle Or Junior School: Brittany Woods
Property
Lot Information
  • Lot Size Acres: 0.29
  • Lot Size Dimensions: 100*114
  • Lot Size Square Feet: 12632.0
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
Property and Assessments
  • Documents Count: 0
  • Photos Count: 19
  • Videos Count: 0
  • Year Built: 1931
  • Disclosures: Unknown,Limited Seller Discl
  • Age: 93
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Gas
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Prvt Laund all units
Multi Family
Multi-Family Information
  • Number Of Units Total: 22
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: Dishwasher,Laundry/Utility,Refrigerator,Range/Oven
  • One Bed Unit Rent: 1320
  • Bedroom number of Units: 9
  • TYPE: Apartment Complex,Apt Bldg/Interior En
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: Dishwasher,Laundry/Utility,Refrigerator,Range/Oven
  • Two Bed Unit Rent: 1617
  • Two Bed Unit Units: 4
Income & Expenses
  • Net Operating Income: $170,129.00
  • Total Expenses: 95455.00
Rental
Rent Information
  • Lease Term: Leases
  • Efficiency Rent: 1097
  • Tenant Pays: Electricity, Gas
  • Efficiency Baths: 1 Full
  • Efficiency Units: 5

Property History for 7351 Lindell Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7351 Lindell Boulevard

Taxable ValueLand$123,510Additions$255,120Total$378,630
Tax Record2023$28,396 ($2,366 / month)
Home Facts
Baths3Total Finished SqFt5,555 SqFtAbove Grade Finished SqFt5,555 SqFtStories3Lot Size12,632 SqFtStyleMulti-Family Res (5+ Units)Year Built1931Zoning57GCCountyST. LOUISAPN18J-1-2-086-3Fireplace TypeHas Fireplace

Schools near 7351 Lindell Boulevard

This home is within University City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Flynn Park Elementary School
PublicK to 5

Brittany Woods
Public6 to 8

University City Sr. High School
Public9 to 12

Our Lady of Lourdes School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7351 Lindell Boulevard is a multi-family home for sale in St. Louis, MO 63130. This property was listed for sale on October 2, 2024 by The Agency, it's currently listed at $3,600,000. It has been on the market for a total of 55 days and was last sold on February 6, 2017. This listing's school district is University City School District. Nearby schools include Flynn Park Elementary School, Brittany Woods and University City Sr. High School. 7351 Lindell Boulevard is a 0-bed, 0-bath, multi-family home built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.